Wednesday, June 12, 2013

Rolling Jubilee

We all remember Occupy Wallstreet, and all of the issues they raised. I, like many others, had high hopes for the rallies across the countries. Unfortunately, while the movement is still around, it seems that the majority of the American People have moved on. So has any lasting good come from OWS? I wasn't sure until I read about a program called Rolling Jubilee.

For those of you who don't know what a Jubilee is, the word is referenced in the Bible to be a special year of universal pardon for sins. In this regard, supporters in Occupy Wall Street want to do the same- buying up and forgiving debt for thousands of Americans. You see, how it usually works when it comes to debt is that it is sold to debt collection industries (a billion dollar industry on its own) for pennies on the dollar. Rolling Jubilee is a non-profit which seeks to emulate these firms, but instead of ruthlessly hounding the debtors for payment, they instead forgive the debt. All sorts of debt, from housing to medical bills, have been forgiven all over the country.

As of this post, they have forgiven almost 12 million dollars in debt. This is an excellent program, which is (as far as I understand) real good for real, everyday Americans all over the country. Hopefully they keep at it, and some of you consider donating- who knows? Maybe in the future it'll be your debt which is forgiven.

http://rollingjubilee.org/

As always, feel free to leave any comments for me!

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